Germany approves financial reforms to help its tech industry compete with Silicon Valley
Publishing timestamp: 2023-11-17 12:50:42
Summary
Germany has approved reforms to its capital markets frameworks, including changes to stock-based compensation at tech startups, listing of companies, and taxation. The reforms aim to support the technology industry, attract talent, and compete with Silicon Valley. The changes include deferring taxes on employees' stock options until the point of sale, widening the scope of employee stock ownership plans, allowing dual-class shares for companies listing in Germany, and changing capital gains tax rules. The reforms are expected to come into effect in 2024.
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Keywords: politics, technology, business news, internet, bayerische motoren werke ag, meta platforms inc, breaking news: politics, alphabet inc, breaking news: technology,
Source: https://www.cnbc.com/2023/11/17/germany-approves-financial-reforms-to-boost-its-tech-industry.html